The Descartes Systems Group (TSE:DSG) Sets New 1-Year High – Here’s What Happened

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares reached a new 52-week high on Monday . The company traded as high as C$161.84 and last traded at C$159.95, with a volume of 6085 shares. The stock had previously closed at C$159.98.

Analyst Ratings Changes

Separately, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$89.67.

The Descartes Systems Group Price Performance

The company has a current ratio of 1.79, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55. The company has a market cap of C$13.74 billion, a price-to-earnings ratio of 80.76, a P/E/G ratio of 2.39 and a beta of 0.74. The business has a 50-day moving average price of C$142.21 and a 200 day moving average price of C$136.15.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its earnings results on Wednesday, September 4th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.59 by C($0.04). The firm had revenue of C$223.45 million during the quarter, compared to analysts’ expectations of C$217.69 million. The Descartes Systems Group had a return on equity of 10.28% and a net margin of 21.03%. As a group, research analysts expect that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Andrew Roszko sold 22,900 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$140.45, for a total value of C$3,216,305.00. In other The Descartes Systems Group news, Senior Officer Andrew Roszko sold 22,900 shares of The Descartes Systems Group stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$140.45, for a total transaction of C$3,216,305.00. Also, Senior Officer Kenneth Edward Wood sold 10,079 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$131.82, for a total transaction of C$1,328,613.78. Corporate insiders own 0.02% of the company’s stock.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.